Daegu City to Provide 500,000 KRW Monthly for 8 Months in Wages When Employing Local Youth... Recruiting 20 Participating SMEs

Daegu City announced on the 23rd that it will promote the ‘Local Small and Medium Enterprise (SME) Youth Employment Support Project’ to encourage SMEs and small business owners to hire local youth and prevent the outflow of young people from the region, and is recruiting participating companies.

The ‘Local SME Youth Employment Support Project’ was proposed through the resident participation budget and is being implemented for the first time this year.

A poster recruiting small and medium-sized enterprises participating in youth employment.

For SMEs and small business owners in the Daegu area, if they newly employ one Daegu resident (or prospective resident) youth per company, they will receive a monthly wage subsidy of 500,000 KRW for 8 months, and youth who have worked continuously for 8 months will be given an incentive of 800,000 KRW.

The support scale for this year is 20 companies. Interested companies can check the announcement on the Daegu Youth Center website from the recruitment period starting on the 24th until March 14th, and apply by submitting the application form and SME verification documents via email.

After recruitment, the applicants will be comprehensively evaluated based on their capabilities, stability, working environment, and growth potential, and the final participating companies will be selected in March.

Park Yoon-hee, Director of the Youth and Women Education Bureau of Daegu City, said, “Although the Local SME Youth Employment Support Project is small in scale, we hope it will help reduce the labor cost burden for local SMEs and small business owners and provide new job opportunities for local youth.”